Please note: this meeting's minutes have not been finalized yet. Actions taken on legislation and their results are not available.

Meeting Details

Meeting Name: BOARD OF RETIREMENT Agenda status: Final
Meeting date/time: 5/7/2026 9:00 AM Minutes status: Draft  
Meeting location: Board Room
348 W. Hospitality Lane, 1st Floor, San Bernardino, CA 92408 Live stream access: https://sbcera.legistar.com/calendar.aspx
Published agenda: Agenda Agenda Published minutes: Not available  
Meeting video:  
Attachments:
File #Ver.Agenda #NameTypeTitleActionResultAction DetailsVideo
26-192 11. RecognitionView recent feature of our We Are SBCERA video series.   Not available Not available
26-190 12. Consent ItemApprove minutes of regular meeting conducted on April 2, 2026.   Not available Not available
26-105 13. Consent ItemApprove the Service-Connected Disability Retirement application of Gerad Laing - San Bernardino County - Sheriff.   Not available Not available
26-198 14. Consent ItemApprove the Service-Connected Disability Retirement application of Christopher Carrico - San Bernardino County - Sheriff.   Not available Not available
26-194 15. Consent ItemApprove the Service-Connected Disability Retirement application of Christopher Cincotta - San Bernardino County - Sheriff.   Not available Not available
26-189 16. Consent ItemApprove the Service-Connected Disability Retirement application of Ronald L. Goddard - San Bernardino County - Sheriff.   Not available Not available
26-197 17. Consent ItemApprove the Service-Connected Disability Retirement application of Adam Hylin - San Bernardino County - Sheriff.   Not available Not available
26-150 18. Consent ItemApprove the Service-Connected Disability Retirement application of Jennifer J. Miescher-Vandevrugt - San Bernardino County - County Fire   Not available Not available
26-201 19. Consent ItemApprove the Service-Connected Disability Retirement application of Eric J. Ogaz - San Bernardino County - Sheriff.   Not available Not available
26-169 110. Consent ItemApprove the Service-Connected Disability Retirement application of Michael D. Sandoval - San Bernardino County - County Fire.   Not available Not available
26-200 111. Consent ItemApprove the Service-Connected Disability Retirement application of Nicholas Tollefson - San Bernardino County - Sheriff.   Not available Not available
26-183 112. Consent ItemApprove the Service-Connected Disability Retirement application of Kenneth L. White - San Bernardino County - Sheriff.   Not available Not available
26-188 113. Consent ItemApprove the Service-Connected Disability Retirement application of Brian D. Zeigler - San Bernardino County - Sheriff.   Not available Not available
26-155 114. Consent ItemDeny the request to extend the employment of Fredrick Minassian from May 7, 2026, through December 31, 2026, in accordance with SBCERA Benefits Policy No. 032, “Retirees Returning to Work.” The request does not meet the policy criteria for extensions beyond the 18-month employment limit.   Not available Not available
26-180 115. Consent ItemRatify travel expenses for Trustees & CEO for the Fiscal Year Ending June 30, 2026 - as of March 31, 2026.   Not available Not available
26-148.1 116. Consent ItemApprove and adopt updates to General Policy No. 004 (Closed Session Minutes).   Not available Not available
26-160.1 117. Consent ItemApprove and adopt updates to Benefits Policy No. 009 (Retiree Payroll Deductions and the Assignment of Benefits).   Not available Not available
26-134.1 118. Consent ItemApprove and adopt updates to Benefits Policy No. 010 (Payment of Benefits in Relation to Community Property Law).   Not available Not available
26-133.1 119. Consent ItemApprove and adopt updates to Benefits Policy No. 015 (Disability Applicant - Independent Medical Examination).   Not available Not available
25-424.1 120. Consent ItemApprove and adopt updates to Benefits Policy No. 027 (Contributions).   Not available Not available
26-135.1 121. Consent ItemApprove and adopt updates to Benefits Policy No. 028 (Processing an Internal or Internal Related Applicant’s Disability Retirement Application and Related Appeals).   Not available Not available
26-039.1 122. Consent ItemApprove and adopt updates to Benefits Policy No. 033 (Felony Forfeiture of Benefits).   Not available Not available
26-164.1 123. Consent ItemApprove and adopt updates to Administration Policy No. 021 (Handling of Personally Identifiable Information (PII)).   Not available Not available
26-147.1 124. Consent ItemApprove and adopt updates to Administration Policy No. 022 (Use of Electronic Signature Policy).   Not available Not available
26-153.1 125. Consent ItemApprove the purchase of a Pure Storage Network device and 5-year license from CDW-G in an amount not to exceed $134,207.36.   Not available Not available
26-161.1 126. Consent ItemApprove the addition of Dr. Lawrence Koss to the 2026 Medical Advisor Panel.   Not available Not available
26-193 127. Action ItemAction on Deferred Items from Consent, if any.   Not available Not available
26-146.1 128. Action ItemApprove General Policy No. 023 (Designation of the Ex Officio Delegate to the Board).   Not available Not available
26-158.1 129. Action ItemApprove the establishment of a Master Custody Account (MCA) with Drive Capital, including a $200 million initial allocation, subject to completion of due diligence and legal documentation.   Not available Not available
26-202 130. Information ItemPresentation by NEPC of their Quarterly Investment Performance Review for the period ending March 31, 2026.   Not available Not available
26-157.1 131. Information ItemPrivate Debt Outlook and Review.   Not available Not available
26-179 132. Information ItemReport on the Budget vs Actual Review - For the Third Quarter of the Fiscal Year Ending June 30, 2026 (as of March 31, 2026).   Not available Not available
26-191 133. Information ItemSACRS Business Meeting to be held at the upcoming SACRS Spring Conference on May 15, 2026.   Not available Not available
26-204 134. Receive and FileReport on the Investment Committee meeting conducted on April 9, 2026.   Not available Not available
26-187 135. Receive and FileReport on the Administrative Committee meeting conducted on April 16, 2026.   Not available Not available
26-186 136. Receive and FileReport on the Audit Committee meeting conducted on April 16, 2026.   Not available Not available
26-159 137. Receive and FileService Retirements and Change Effective Date Approved by the Chief Executive Officer.   Not available Not available
26-162.1 138. Receive and File2025 Operational Due Diligence Report by Kreischer Miller.   Not available Not available
26-209 139. Executive ReportChief Executive Officer.   Not available Not available
26-199 140. Executive ReportChief Counsel.   Not available Not available
26-203 141. Executive ReportChief Investment Officer.   Not available Not available
26-210 142. Trustees ReportReport by the Trustees concerning conferences and other meetings attended (as specified by Education & Training Policy No. 003 - “Trustee Travel and Expense Policy”).   Not available Not available
24-129.1 143. Closed SessionRefer the matter back with instructions to the hearing officer for further proceedings regarding the application for a Service-Connected Disability Retirement of Kenneth Marshall - San Bernardino County - Sheriff. Assign a new hearing officer to hear the issues anew as Mr. Terzian no longer serves on the panel.   Not available Not available
26-163.1 144. Other Closed Session ItemsCONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION Significant exposure to litigation pursuant to paragraph (2) of subdivision (d) of Section 54956.9: One (1) case.   Not available Not available
26-166.1 145. Other Closed Session ItemsTHREAT TO PUBLIC SERVICES OR FACILITIES Consultation with: Kartik Trivedi, Partner at Symosis Security   Not available Not available
26-211 146. Open SessionReport by Counsel on actions taken in Closed Session.   Not available Not available